Cetera Investment Advisers Has $951,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Cetera Investment Advisers lifted its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 87.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,286 shares of the company's stock after purchasing an additional 14,155 shares during the quarter. Cetera Investment Advisers' holdings in Kyndryl were worth $951,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avantax Advisory Services Inc. increased its stake in shares of Kyndryl by 23.3% in the first quarter. Avantax Advisory Services Inc. now owns 10,002 shares of the company's stock valued at $314,000 after buying an additional 1,892 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Kyndryl in the first quarter valued at $550,000. Oak Thistle LLC acquired a new stake in shares of Kyndryl in the first quarter valued at $218,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Kyndryl in the first quarter valued at $1,258,000. Finally, Diversify Advisory Services LLC increased its stake in shares of Kyndryl by 0.4% in the first quarter. Diversify Advisory Services LLC now owns 145,044 shares of the company's stock valued at $4,734,000 after buying an additional 554 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kyndryl

In related news, SVP Vineet Khurana sold 26,451 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the completion of the sale, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. This represents a 26.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Kyndryl Stock Down 0.4%

NYSE KD traded down $0.11 during trading on Friday, hitting $29.98. The stock had a trading volume of 3,304,826 shares, compared to its average volume of 3,428,587. The company has a market capitalization of $6.93 billion, a PE ratio of 24.78, a P/E/G ratio of 3.29 and a beta of 1.91. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month high of $44.20. The company's 50-day moving average price is $38.31 and its two-hundred day moving average price is $36.70. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer raised their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, Susquehanna reduced their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.